Decommissioning Funds definition

Decommissioning Funds means the Qualified Decommissioning Funds and the Nonqualified Decommissioning Funds.
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Decommissioning Funds means the funds in the Decommissioning Trust at the time that Trust is terminated and its principal balance conveyed to BOEM as set forth in SectionVI;
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Decommissioning Funds means the funds previously in the “Xxxxxx Energy Decommissioning Trust” which, pursuant to the Consent Decree, were transferred to BOEM from X.X Xxxxxx Xxxxx on June 6, 2022, exclusively for purposes of performing decommissioning activities (including soil remediation) relating to the MC-20 Site and Facility consistent with the relevant DOI regulations, including 30 C.F.R. part 250.
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Examples of Decommissioning Funds in a sentence

  • Neither the Buyer nor the Sellers shall take any action that would cause the transfer of assets from the Sellers' Qualified Decommissioning Funds to the Buyer's Qualified Decommissioning Fund to fail to satisfy the requirements of Treas.

  • Without limiting the generality of the foregoing, the Buyer and the Sellers shall use Commercially Reasonable Efforts to obtain one or more private letter ruling(s) from the IRS determining that (i) the transfer of assets from the Sellers' Qualified Decommissioning Funds to the Buyer's Qualified Decommissioning Fund is a disposition that, pursuant to the IRS' authority under Treas.

  • There are no interim rate orders that may be retroactively adjusted or retroactive adjustments to interim rate orders that may affect amounts that may be contributed to Seller's Qualified Decommissioning Funds or may require distributions to be made from the Seller's Qualified Decommissioning Funds.

  • Seller has made timely and valid elections to make annual contributions to the Seller's Qualified Decommissioning Funds since the formation of such trusts.

  • The Parties agree to cooperate in good faith in the preparation and filing of any private letter ruling requests to be made by the Buyer and the Sellers (which shall be made as a single, joint filing by all Parties) in order to obtain the tax treatment desired by the Parties with respect to the transfer of the Decommissioning Funds pursuant to the terms of this Agreement (the "Private Letter Ruling Requests").

  • From the date hereof through (but not including) the Closing Date, all risk of loss or damage to the assets or properties included in the Purchased Assets (other than the Decommissioning Funds) shall be borne by Seller.

  • Section 1.468A-5(c)(2)(ii), has been made to the Company’s Qualified Decommissioning Funds which has not been withdrawn within the period provided under Treas.

  • Except as set forth in Schedule 3.16, none of the Company’s Qualified Decommissioning Funds has engaged in any acts of “self-dealing” as defined in Treas.

  • Commencing on the date of this Agreement until the DLC Nuclear Closing Date, DLC shall provide (or cause the investment manager to provide) to CEIC quarterly unaudited statements of earnings, contributions, market values, investment allocations and performance reports and such other information for the Perry Unit 1 Qualified Decommissioning Funds as reasonably requested by CEIC.

  • Seller has heretofore delivered to each Purchaser a copy of the trust agreement that governs Seller's Qualified Decommissioning Funds as in effect on the date of this Agreement.

Related to Decommissioning Funds

  • Decommissioning means administrative and technical measures which allow the removal of some or all of the regulatory controls from a nuclear facility and which aim at ensuring the long term protection of the public and the environment, including the reduction of the levels of residual radionuclides in the materials and on the site of the facility.

  • Decommissioning Plan means the document containing detailed information on the proposed decommissioning and covering the following: the selected decommissioning strategy; the schedule, type and sequence of decommissioning activities; the waste management strategy applied, including clearance; the proposed end state; the storage and disposal of the waste from decommissioning; the timeframe for decommissioning; the cost estimates for the completion of decommissioning; and the objectives, expected results, milestones, target dates, as well as the corresponding key performance indicators, including, as appropriate, earned value based indicators. The plan is prepared by the nuclear facility license holder and is reflected in the multiannual work programmes of the Programme;

  • Participating Fund means each Fund, including, as applicable, any series thereof, specified in Exhibit A, as such Exhibit may be amended from time to time by agreement of the parties hereto, the shares of which are available to serve as the underlying investment medium for the aforesaid Contracts.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • water services means water supply services and sanitation services;

  • Commissioning means the process for determining the need for and for obtaining the supply of healthcare and related services by the Trust within available resources.

  • Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.